Micro, Small, and Medium Enterprises (MSME) are the heartbeat of India's economy as they provide a lot of employment and their role in economic development is very important. About millions of people work in it. As we know industries are evolving, to remain competitive, not only innovative ideas are needed, but the demand for skilled workers also increases.
Hence, there is an immense role of Udyam registration. It not only drives formalization of businesses but also the skills in the hands.
In this article, we are going to understand how Udyam registration has played a key role in the skilling of MSMEs and why it acts as a pivotal step for a business to sustain itself in a competitive marketplace.
Skill Challenges for MSMEs:
MSMEs face challenges when it comes to workforce skills. Unlike large companies, they do not have the resources available to invest in extension training programs. But to survive in this competitive landscape, their businesses must adopt new technology, improve efficiency, and meet customer expectations, for which skilled talent is needed.
Udyam registration solves all these problems so that MSMEs can take advantage of all the skill development initiatives by the government. Let's understand it.
How does Udyam Registration help in skill development?
Access to Government Training Programs: Once the MSMESs is registered with udyam registration it becomes eligible to access training programs launched by the government. There are many skill development initiatives launched by the Government of India, such as Skill India Mission, Pradhan Mantri Kaushal Vikas Yojana, and many sector-specific training schemes that are available only to udyam registered businesses.
These programs focus on updating the skills of employees, introducing modern tools to them, and increasing their productivity. Whether it is digital marketing, advanced manufacturing techniques, or financial management, there is something for every business.
Industry-Specific Skill Enhancement: MSMEs who have properly done their Udyam Registration can participate in several industry-specific skill development workshops and training sessions ranging from manufacturing units to IT services and meet the unique needs of different sectors.
For example, if there is a small manufacturing unit, if they get skills in automation technology, it helps them a lot and if it is the IT sector, if they get soft skills, their customer service improves.
Financial assistance for training: As we know, providing training to employees all the time is costly, especially for small businesses. Udyam registered as MSMEs are eligible for financial assistance and subsidies on training costs. This reduces the financial burden and makes it easier for businesses to develop skills.
Promoting Entrepreneurship Skills: Skills development is not just for workers but also business owners. Udyam registration connects entrepreneurs to government-run programs and enhances their entrepreneurial skills.
How to get your MSMEs Udyam Registration done?
- First of all, visit our website udyamindia.in.
- After that click on new Udyam Registration.
- You will get a form open, fill it out properly.
- Enter the verification code and tick mark on terms and conditions and declaration.
- At last, send the application.
You will be landed into the direct payment gateway. After making a successful payment you'll get an appropriate confirmation message into your e-mail ID.
Case Study: Skills Development through MSMEs
Here is one practical example wherein IT startup company was situated at Jamshedpur took the advantages of digital marketing trainings for teams with which their potential clients increased and increased scales of the activities. Through which MSME's are showing capability to be utilised via the Udyam registration of Skills Development.
Conclusion:
This world is constantly evolving, so being competitive means keeping yourself skilled. Udyam registration acts as a catalyst for MSMEs and ensures that they can leverage their resources and opportunities to skill their workforce and meet industry demands.
By investing in skill development, MSMEs can survive and also thrive. So, if you are an MSME owner, don’t wait and get your MSME to udyam registered and all the benefits of skill development.
